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☆ How more than a trillion dollars in U.S. government infrastructure spending can boost these 3 industrial stocks
▼ + stars: | 2023-08-11 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

The U.S. government is deploying trillions of dollars of stimulus money into infrastructure investments, boosting the prospects for a number of industrials in the Club portfolio. Club names Honeywell (HON) and Emerson Electric (EMR) might also grab some of the IRA's funding for green energy. Gains were linked to a boost in demand for construction equipment because of the "once in a generation" Infrastructure bill. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. The White House's infrastructure plan estimates to set aside approximately $35 billion for Texas projects.

Persons: Joe Biden, Emerson, Morgan Stanley, Economist Ellen Zentner, Zentner, Larry Fink, Jim Umpleby, Jim Cramer, Josh Pokrzywinski, Jim Cramer's, Jim, Brandon Bell Organizations: Club, Infrastructure Investment, Jobs, Act, Caterpillar, Honeywell, Emerson Electric, Morgan Stanley Chief, Economist, CNBC, CAT, Inflation, Bank of America, National, Software, Control, Getty Locations: U.S, North America, Houston , Texas, Texas

☆ Tottenham's Kane agrees to move to Bayern after clubs' deal-report
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Aug 11 (Reuters) - Tottenham Hotspur striker Harry Kane has agreed to move to German champions Bayern Munich after the two clubs reached a preliminary deal for his transfer, Germany's Bild newspaper said on Friday. The English club and Bayern had reportedly agreed on the move on Thursday but needed the consent of Kane, who has another year on his contract at Tottenham. Kane joined Tottenham's academy aged 11 before making his senior debut in 2011. Bayern coach Thomas Tuchel will hold a press conference later on Friday ahead of Saturday's season start with the German Super Cup against RB Leipzig. The Bundesliga starts next week with Bayern facing Werder Bremen on Aug. 18.

Persons: Harry Kane, Kane's, Kane, Alan Shearer's, Thomas Tuchel, Karolos, Miral Organizations: Tottenham Hotspur, Bayern Munich, Bundesliga, Bayern, Tottenham, Champions League, Leyton Orient, Millwall, Norwich City, Leicester City, Spurs, Premier League, German, RB Leipzig, Werder Bremen, Thomson Locations: German, London, Leicester

☆ Pope Francis warns about AI’s dangers
▼ + stars: | 2023-08-09 | by ( Brian Fung | ) edition.cnn.com time to read: +1 min

Washington CNN —Pope Francis warned that artificial intelligence could pose a risk to society, highlighting its “disruptive possibilities and ambivalent effects” and urging those who would develop or use AI to do so responsibly. Other industry experts and policymakers have expressed concerns that AI could facilitate the spread of fraud, misinformation, cyberattacks and perhaps even the creation of biological weapons. Francis himself has been the subject of AI-generated deepfakes. Earlier this year, an AI-generated image of Francis wearing a white, puffy Balenciaga-inspired coat went viral. Tuesday’s message announced the theme for 2024’s World Day of Peace, which the Pope said would focus on AI and peace.

Persons: Washington CNN — Pope Francis, Francis, ” Francis, ” Francis’s, puffy Balenciaga, Pope, ” Organizations: Washington CNN

☆ Pope warns against potential dangers of artificial intelligence
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +1 min

Pope Francis gestures on the day he meets with aid and charity representatives at "Centro Paroquial de Serafina" during his apostolic journey to Portugal on the occasion of the XXXVII World Youth Day, in Lisbon, Portugal, August 4, 2023. REUTERS/Violeta Santos Moura/File PhotoVATICAN CITY, Aug 8 (Reuters) - Pope Francis on Tuesday called for a global reflection on the potential dangers of artificial intelligence (AI), noting the new technology's "disruptive possibilities and ambivalent effects." Francis, who is 86 and said in the past he does not know how to use a computer, issued the warning in a message for the next World Day of Peace of the Catholic Church, falling on New Year's Day. The Vatican released the message well in advance, as it is customary. Reporting by Federico Maccioni, editing by Alvise ArmelliniOur Standards: The Thomson Reuters Trust Principles.

Persons: Pope Francis, Violeta Santos Moura, Francis, hasalso, Federico Maccioni, Alvise Organizations: Centro, REUTERS, CITY, Catholic Church, Vatican, Microsoft, IBM, Thomson Locations: Portugal, Lisbon, Vatican

☆ Italy announces special tourist trains and 'cruise trains'
▼ + stars: | 2023-08-02 | by ( Julia Buckley | ) edition.cnn.com time to read: +5 min

Ferrovie dello Stato Italiane (FS), Italy’s state-owned railway operator, has announced a new program of tourist-focused trains, using vintage locomotives on popular vacation routes. “Lusso” (luxury) trains will be spearheaded by the long-distance, super-luxury Orient Express Dolce Vita train, which will now launch in 2024, instead of this year as previously anticipated. The luxury Dolce Vita train will debut in 2024. These new routes will include night trains. sphraner/iStock Editorial/Getty ImagesThere will even be “cruise trains” – routes conceived with the idea of shuttling vacationers back and forth from short breaks.

Persons: we’ll, Stanley Tucci, Lusso, DIMORESTUDIO, Lamberto, Luigi Ferraris, ” Antonio Tajani Organizations: CNN, intel, Ferrovie dello Stato, Orient, Express, Golden Eagle, Cortina, d’Ampezzo, FS, Fondazione FS Locations: Italy, Venice, Milan, Tuscan, Rome, Otranto, Puglia, Metaponto, Basilicata, Reggio Calabria, Cortina d'Ampezzo, Calalzo, Umbria, Swiss

☆ Earnings beat and raise gives this underappreciated U.S. industrial stock the boost it deserves
▼ + stars: | 2023-08-02 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Emerson also saw better-than-expected profit margin performance and robust cash flow. Topping it all off, management raised their earnings outlook and sales growth forecast to ranges above what analysts had been expecting. As for cash flow, management offered up a slight increase to their full-year forecast, at the midpoint. Operating cash flow is now expected to be in the range of $2.5 billion to $2.6 billion (versus $2.63 billion expected) while free cash flow is expected to come in between $2.2 billion and $2.3 billion (versus $2.21 billion expected). This compares to prior operating cash flow and free cash flow targets of about $2.5 billion and roughly $2.2 billion, respectively.

Persons: outperformance, Emerson, we're, Jim Cramer's, Jim Cramer, Jim, Emerson Electric's, Timothy Aeppel Organizations: Emerson Electric, Club, Software, Control, Caterpillar, Emerson, NI, National, EV, Devices, Safety, Productivity, CAT, CNBC Locations: Marshalltown , Iowa

Kyiv, Ukraine CNN —A day after Volodymyr Zelensky said war was “returning to Russia” with an attempted drone strike on Moscow, the Kremlin launched a deadly airstrike against the Ukraine president’s hometown of Kryvyi Rih. On Monday, Defense Minister Sergei Shoigu said the Kremlin would intensify its attacks in response to Kyiv’s attempted drone strikes against Moscow the previous day that damaged a business and shopping development in the west of the capital. Shoigu and Kremlin spokesman Dmitry Peskov both said Ukraine’s attempted drone strikes on Moscow terrorist attacks were meant to deflect from a purported lack of success on the battlefield. No casualties were reported in the attempted Moscow drone strikes over the weekend. However, Russian bombardments in Ukraine have struck civilian homes, schools, hospitals, churches and power plants, killing thousands of bystanders in the process.

Persons: Volodymyr Zelensky, Zelensky, Natalia Balaba, “, Balaba, ”, Kryvyi, Oleksandr Vilkul, Sergei Shoigu, Kyiv’s, Ukraine “, ” Zelensky, Dmitry Peskov, Ukraine’s, –, ” Shoigu Organizations: Ukraine CNN, Kremlin, Ukraine president’s, Residents, Emergency Service of, Reuters, Russian Ministry of Defense, Moscow, Ukraine’s Air Force, Russian Federation Locations: Kyiv, Ukraine, Russia, Moscow, Kryvyi, Ukrainian, Emergency Service of Ukraine, Rih, Shoigu

☆ 3 reasons countries around the world want to break up with the dollar
▼ + stars: | 2023-07-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

The US dollar has been the world's reserve currency for decades, but its dominance is fading. US monetary policies, the strong USD, and structural shift in the global oil trade also contribute. Here are three other reasons countries around the world are attempting to line up plans to possibly move away from a dollar-dominated world. The arrangement was formalized in 1945 when the oil-giant country Saudi Arabia and the US reached a historic deal wherein Saudi Arabia would sell its oil to America only using the greenback. In return, Saudi Arabia would reinvest excess dollar reserves into US treasuries and companies.

Persons: Valéry Giscard d'Estaing, —, Narendra Modi's, Luiz Inácio Lula da Silva, It's, Donald Trump, wasn't, Joe Biden, Prince Mohammed bin Salman, Jamal Khashoggi, Sarah Miller Organizations: Service, International Monetary Fund, Wilson, Reserve Bank of, Indian, Reuters, Allianz, Global, US, Washington Post, Energy Intelligence Locations: Russia, Wall, Silicon, Western, Ukraine, Washington, Brazil, Argentina, Bangladesh, India, France, Reserve Bank of India, China, South Africa, Saudi Arabia, America, Saudi

☆ There's more 'blood on the street' among smaller property developers across China, says analyst
▼ + stars: | 2023-07-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's more 'blood on the street' among smaller property developers across China, says analystAndrew Collier of Orient Capital Research discusses the risks in China's property market and says the fundamental reforms needed to boost China's economy are not happening.

Persons: Andrew Collier Organizations: Andrew Collier of Orient Capital Research Locations: China

☆ China's growth model is no longer suited to the global economy, Mohamed El-Erian says
▼ + stars: | 2023-07-20 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

China's growth model is no longer suited to the global economy, Mohamed El-Erian said. Exports have fallen, and growth in Europe and the US will likely be muted for the foreseeable future, he said. After an initial burst of first-quarter growth, China's industrial output, investment, and consumer activity have all cooled sharply. "First, as the most recent trade data show, the global economy no longer supports China's domestic growth dynamics," El-Erian said, noting that Chinese exports in June dropped 12.4% and imports declined 4.1%. Rather than hope for the rest of the world to save China's economy, El-Erian suggested that Beijing look inwards and re-orient political policy towards an effective growth model.

Persons: Mohamed El, Erian Organizations: Service, Syndicate, Allianz, Local Locations: Europe, China, Wall, Silicon, West, Beijing, El

The gathering comes at a time when global investors and banks are warning that confidence is waning in China's economic outlook. Such a meeting, with a clear agenda to discuss challenges facing global fund managers investing in China, is rare, the three sources said, and reflected Beijing's keenness to shore up confidence among foreign investors. Weighed down by strict COVID measures, China's economy grew just 3% in 2022, one of its worst showings in decades. The meeting is organized by China's fund regulator Asset Management Association of China (AMAC). U.S. dollar-denominated fundraising by China-focused venture capital and PE firms this year also had its weakest first half year in the past decade, data from industry tracker Preqin showed.

Persons: Fang Xinghai, didn't, Andrew Collier, Premier Li Qiang, Xie Yu, Julie Zhu, Selena Li, Kim Coghill Organizations: U.S ., Reuters, Canada's, Ontario, China Securities Regulatory Commission, Management Association of China, ., Orient Capital Research, Ant, Premier, Wednesday, Thomson Locations: HONG KONG, Beijing, U.S, China, Taiwan, Hong Kong

☆ Famed luxury train is returning to Southeast Asia with two new routes
▼ + stars: | 2023-07-14 | by ( Karla Cripps | ) edition.cnn.com time to read: +4 min

In February 2024, The Eastern & Oriental Express, A Belmond Train will launch two seasonal return-trip journeys out of Singapore that take in the landscapes of its northern neighbor, Malaysia. These routes mark the brand’s official return to Southeast Asia after being forced to cease operations during the Covid-19 pandemic. The Eastern & Oriental Express, A Belmond Train's open-air observation carriage. BelmondAccording to Belmond, operator of the train, the 15 signature green- and cream-colored carriages, once a familiar site for train spotters in the region, have been restyled. Travelers familiar with the luxury train’s long-established presence in Southeast Asia might be asking: why isn’t it traveling up through Thailand to Bangkok?

Persons: George Town, Belmond, ” Organizations: CNN, Oriental Express, Oriental, State, Presidential, Travelers, Orient, CNN Travel Locations: Southeast Asia, Singapore, Malaysia, Singapore’s Woodlands, Penang, Langkawi, Taman, Pullman, Kuala Lumpur, Malay Culture, Alor Setar, George, Malaysian, Thailand, Bangkok, Venice, Kanchanaburi, Thailand’s

☆ Kremlin says Turkey should have no illusions over its EU bid
▼ + stars: | 2023-07-11 | by ( Gareth Jones | ) www.reuters.com time to read: +3 min

[1/2] Russian President Vladimir Putin and Turkish President Tayyip Erdogan shake hands during a meeting on the sidelines of the Shanghai Cooperation Organization (SCO) summit in Samarkand, Uzbekistan September 16, 2022. He has refused to join Western sanctions against Russia over the invasion and has invited Russian President Vladimir Putin to visit Turkey in August. Turkey had held up Sweden's accession, accusing the Nordic country of not doing enough to crack down on people Ankara sees as terrorists. He was alluding to long-standing EU resistance to admitting Turkey, a large, relatively poor Muslim country adjoining the Middle East. Turkey also helped last year to broker prisoner exchanges between Russia and Ukraine, and the Kremlin says Putin highly appreciates Erdogan's efforts to mediate in the war.

Persons: Vladimir Putin, Tayyip Erdogan, Alexander Demyanchuk, Ukraine Erdogan, Dmitry Peskov, Erdogan, Peskov, Putin, Gareth Jones, Mark Trevelyan Organizations: Shanghai Cooperation Organization, Sputnik, NATO Russia, EU, European Union, Kremlin, NATO, Russia, Russian, Nordic, Ankara, NATO's, United Nations, Reuters, Thomson Locations: Turkish, Samarkand, Uzbekistan, Turkey, Russia, Ukraine, Sweden, Moscow, Ankara, Lithuania, Kyiv, Republic of Turkey, Europe

☆ How a Mentor to At-Risk Young Men Spends His Sundays
▼ + stars: | 2023-07-02 | by ( Tammy Lagorce | ) www.nytimes.com time to read: +2 min

Before Toddrick Brockington got his job at the Henry Street Settlement, a nonprofit that supports Lower East Side residents, he served 26 years in prison for homicide. Sometimes I lay there; sometimes I stand in the window and look out and try to orient myself for the day. That’s a peaceful time for me, because it’s like I’m the only one up and I have the world to myself. I’m in the process of reading “Outliers” by Malcolm Gladwell for the third time. When I went to prison, I didn’t have a G.E.D., so I obtained my G.E.D.

Persons: Toddrick Brockington, ”, Brockington, Malcolm Gladwell, Henry, James Allen Organizations: Henry, Henry Street, La Guardia, Reading Locations: Lower, Side, West, Bronx, La

☆ Forget about the AI apocalypse. The real dangers are already here
▼ + stars: | 2023-06-16 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +7 min

Left to right: Microsoft's CTO Kevin Scott, OpenAI CEO Sam Altman, Google DeepMind CEO Demis Hassabis. Joy Malone/David Ryder/Bloomberg/Joel Saget/AFP/Getty ImagesSome AI industry experts say that focusing attention on far-off scenarios may distract from the more immediate harms that a new generation of powerful AI tools can cause to people and communities, including spreading misinformation, perpetuating biases and enabling discrimination in various services. “Motives seemed to be mixed,” Gary Marcus, an AI researcher and New York University professor emeritus who testified before lawmakers alongside Altman last month, told CNN. In his testimony before Congress, Altman also said the potential for AI to be used to manipulate voters and target disinformation were among “my areas of greatest concern.”Even in more ordinary use cases, however, there are concerns. Influencing regulatorsRegulators may be the real intended audience for the tech industry’s doomsday messaging.

Persons: Sam Altman, Altman, Demis Hassabis, Kevin Scott, Elon Musk, Joy Malone, David Ryder, Joel Saget, ” Gary Marcus, ”, Marcus, Gary Marcus, Eric Lee, Emily Bender, Bender, ” Bender, ’, we’re Organizations: CNN, Google, Microsoft, Bloomberg, Getty, New York University, OpenAI, University of Washington, Laboratory, Washington Locations: Valley, AFP, Washington , DC, Congress

☆ Train review: What it’s like to ride the Venice Simplon-Orient-Express
▼ + stars: | 2023-06-09 | by ( Chris Dwyer | ) www.cnbc.com time to read: +5 min

That's according to Matthieu Ollier, manager of the Venice Simplon-Orient-Express, who said the train's Grand Suites cost 24,000 euros ($25,850) for a one-night trip from Venice to London. A train steward on the Venice Simplon-Orient-Express. The ensuite bathroom in the Venice Simplon-Orient-Express' Budapest Suite. The bar car on board the Venice Simplon-Orient-Express. Source: Venice Simplon-Orient-Express

Persons: Matthieu Ollier, Willy Wonka's, Chris Dwyer, Ollier, John Travolta, Angelina Jolie, Kate Winslet, Wes Anderson, Agatha Christie's, Christie, Champagne —, Austria's Brenner, Chef Jean Imbert, Jean Imbert, —, serenaded Organizations: Orient, Express, Orient Express, Athénée, Venice Locations: Venice, London, Belmond, United States, Paris, Bucharest, Munich, Istanbul, —, Budapest, Murano, Tsar, Austria's, Switzerland, France

But China, which bristles at visits to Taiwan by foreign government officials, tends to ignore trips by business executives, who usually keep clear of politics. Dimon will meet bank employees and clients in Taiwan on his visit, said the source, who sought anonymity as the plans were not public, while adding that no meetings were planned with Taiwan officials. As part of his Asia tour, Dimon will also visit South Korea after the Taiwan trip, said the source. But there was no plan for President Tsai Ing-wen to meet Dimon, her office said on Friday. Dimon favours East-West "derisking" rather than decoupling, he told the three-day JPMorgan Global China Summit event in the city on Wednesday.

Persons: Jamie Dimon, Andrew Collier, Dimon, Nvidia Corp's, Jensen Huang, Pat Gelsinger, Dimon's, Ma Ying, Tsai Ing, Chen Jining, Selena Li, Kane Wu, Scott Murdoch, Ben Blanchard, Emily Chan, Mrinmay Dey, Sumeet Chatterjee, Clarence Fernandez Organizations: JPMorgan Chase &, JPMorgan, Orient Capital Research, Bloomberg, Wall, U.S, Nvidia, Intel, Financial, Commission, Shanghai's Communist, JPMorgan Global China, Thomson Locations: Taiwan, China, Taipei, Beijing, Hong Kong, Asia, South Korea, East, United States, Sydney, Bengaluru

☆ They Knew Little About Oysters. Now They Have a Farm With 2 Million.
▼ + stars: | 2023-05-26 | by ( Heather Senison | ) www.nytimes.com time to read: +1 min

They’re installing an oyster automat outside the warehouse to sell boxes of Little Rams and shucking gear, and plan to bottle their homemade oyster sauce. It’s not every day that a couple shows up from Brooklyn and elbows their way in with folks who grew up clamming. They joined the Long Island Oyster Growers Association, where Ms. Bassett helps with public relations and marketing. Phil Mastrangelo, 57, part owner of the Oysterponds Shellfish Company in Orient, one of the biggest farms on Long Island with 10 million oysters, said the wife-and-wife team’s marketing has benefited others. 1 oyster in the world and it’s good for them to be promoting the region again,” he said.

☆ The chief investment strategist of JPMorgan Global Wealth explains why the worst thing investors can do right now is sit on cash — and shares 5 other high-conviction investment ideas
▼ + stars: | 2023-05-10 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

But his highest-conviction idea is that investors should rotate out of cash into fixed income. But despite these factors, risk assets are currently fully valued and fully priced into the market. While most investors have some equity exposure, they've also raised a lot of cash in the past two years. 5 other high-conviction investment ideasWithin equities, at the sector level Kennedy currently favors industrial and reasonably-priced technology stocks. Finally, Kennedy also listed China A-shares as an attractive investment, pointing to the economic reopening, a surge in consumption, supportive monetary policies, and increased exports and investment growth as catalysts.

☆ Bankrupt Bed Bath & Beyond Seeks Millions From Ocean Carriers
▼ + stars: | 2023-05-02 | by ( Paul Berger | ) www.wsj.com time to read: 1 min

The Orient Overseas Container Line’s Hong Kong container ship sits anchored dockside in Felixstowe, U.K. Photo: Chris Ratcliffe/Bloomberg NewsBankrupt retailer Bed Bath & Beyond is seeking tens of millions of dollars from container shipping lines, claiming the carriers willfully abandoned service commitments at the height of supply-chain turbulence to reap enormous profits from the market turmoil. The home-goods retailer says in a complaint filed with U.S. maritime regulators that Hong Kong-based Orient Overseas Container Line pursued “brazen price gouging and profiteering” that cost Bed Bath & Beyond $31.7 million in extra freight charges, along with additional costs and lost profits.

☆ Where the trucking and rail recession is showing up in the economic data
▼ + stars: | 2023-04-28 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

The decrease negatively impacts earnings for both trucking and rail where revenue is generated by moving freight. Ocean freight orders are a leading indicator of train and trucking earnings since 90% of the world's trade moves by water. This is one of three key supply chain charts that are signaling more financial potholes for trucking and rail companies. West Coast ports have been losing trade to both the East Coast ports and Gulf ports as a result of prolonged labor negotiations, though union representatives indicated last week a "tentative agreement" had been reached, but no details were provided. Trucking is needed for both container pick up at the ocean terminals and rail ramps.

☆ Spotify's CEO says the music industry has 'legitimate concerns' about AI-generated songs
▼ + stars: | 2023-04-26 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Spotify CEO Daniel Ek said concerns from labels and music companies about AI are "legitimate." His comments come after AI-generated songs that sound like popular artists went viral this month. The music industry has "legitimate concerns" about songs generated by AI, the CEO of Spotify said. Daniel Ek addressed the industry's growing unease about AI music in Spotify's first quarter earnings call Tuesday and said it's working with partners to come up with solutions. Grimes, the former partner of Elon Musk and mother to two of his children, tweeted Monday that she'd share half the royalties from any AI-generated song using her voice.

☆ US bank run victims were bailed out in 3 days. In China, many have been waiting a year
▼ + stars: | 2023-04-21 | by ( Selina Wang | ) edition.cnn.com time to read: +9 min

CNN is not revealing the identities of the bank victims in order to protect their safety. Bank victims protest in Henan in July 2022. Experts say small banks in other parts of China could face the same crisis, as the world’s second largest economy faces a longer term structural slowdown. Some Chinese bank victims even say they’re living in fear of violent reprisals. CNN interviews bank victims in China.

☆ New propellers with looped blades could help make the oceans quiet again, sparing both marine life and the climate
▼ + stars: | 2023-04-19 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +9 min

Sharrow Marine sells them for small boats but would need to scale up to reach the shipping industry. A traditional ship propeller that has blades in a screw-like form. That's what Sebastian realized when he put loop propellers on a drone. Sharrow began selling propellers to recreational boaters in 2020 through a company he founded called Sharrow Marine. Testing led by the company BoatTEST found that the Sharrow Propeller was up to 30% more efficient than a standard blade propeller.

☆ One of the most important conservative think tanks is changing its tune on the free market and state power to keep up with the 'New Right' ushered in by Trump and DeSantis
▼ + stars: | 2023-04-16 | by ( Ethan Dodd | ) www.businessinsider.com time to read: +7 min

A recent report published by the think tank outlines how government could play a greater role in the economy. The foundation is trying to keep up with American right's turn away from free markets with Trump and DeSantis. On the other side are libertarian conservatives like Sen. Rand Paul who opposes interfering with free markets. The Reaganite fusion of free markets, social traditionalism, and anti-communism "is fundamentally dead," Geoff Kabaservice, vice president of political studies at the market-oriented think tank Niskanen Center, told Insider. Heritage's president, Kevin Roberts, took over in 2021 and has aligned the think tank much more with the New Right, which is home to figures like Florida Gov.

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